North American Construction Group (TSE:NOA) Price Target Cut to C$28.00 by Analysts at National Bank Financial

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target reduced by equities researchers at National Bank Financial from C$30.00 to C$28.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 46.14% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Raymond James Financial boosted their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. BMO Capital Markets lifted their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.71.

North American Construction Group Stock Down 4.3%

Shares of TSE:NOA traded down C$0.86 during mid-day trading on Friday, hitting C$19.16. 180,245 shares of the company traded hands, compared to its average volume of 102,421. The firm has a market cap of C$519.29 million, a P/E ratio of 17.11, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. North American Construction Group has a 52-week low of C$16.45 and a 52-week high of C$23.49. The firm’s 50 day simple moving average is C$19.27 and its 200 day simple moving average is C$19.94.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. The firm had revenue of C$400.96 million for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. On average, equities analysts anticipate that North American Construction Group will post 4.0597484 EPS for the current year.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron bought 5,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of C$17.76 per share, with a total value of C$88,800.00. Following the transaction, the director directly owned 2,300,738 shares in the company, valued at approximately C$40,861,106.88. This trade represents a 0.22% increase in their position. Also, insider North American Construction Group Ltd. bought 110,000 shares of North American Construction Group stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of C$19.01 per share, with a total value of C$2,091,100.00. Following the completion of the purchase, the insider owned 110,000 shares in the company, valued at approximately C$2,091,100. The trade was a ? increase in their position. Insiders have acquired a total of 295,000 shares of company stock worth $5,634,750 over the last 90 days. 8.93% of the stock is owned by company insiders.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.